Answer
(l) 2.
Work Step by Step
Increase in accounts receivable during the year mainly reflects sales executed on credit, whereby the amount will be deducted from net income and is therefore classified as an operating activity.
Intermediate Accounting 14th Edition
by Kieso, Donald E.; Weygandt, Jerry J.; Warfield, Terry D.
Published by
Wiley
ISBN 10:
0470587237
ISBN 13:
978-0-47058-723-2
Chapter 5 - Balance Sheet and Statement of Cash Flows - Exercises - Page 286: E5-13l
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